What is a Personal Loan?

Personal loans are usually loans of $4,000 or less. If you have a need to meet unexpected or other similar expenses there are a variety of loan options available. Many people will use a credit card or their checking or savings account to pay for unexpected expenses of this amount. Other people will seek a short term loan from a lender. Most short term loans are installment loans that have a fixed payment for a period of months or years. Installment loans can vary significantly from lender to lender. This "Personal Loan" brochure covers the basic information and questions you should ask.

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